BUZZ-View from the buyside: FY16 earnings seen muted for Australia cos - Platypus

Reuters - UK Focus

** Earnings growth for Australia-listed companies expected to be muted in FY 2016, says Don Williams, Chief Investment Officer, Australian Equities Fund, Platypus Asset Management

** Expect dividends to underpin market growth while PE expansion seen coming from more aggressive rate cuts by RBA

** Adds offshore earners such as CSL (Other OTC: CMXHF - news) or Resmed will enjoy the benefit of a lower A$

** Says likes industrials stocks such as Transurban Group (Other OTC: TRAUF - news) as well as healthcare shares such as CSL

** Transurban shares up 13 pct YTD vs nearly 3 pct rise of S&P/ASX200 index

** Healthcare index up 9.3 pct YTD

** Expect bearish sentiment in iron ore sector to continue for now; Mining majors BHP and Rio Tinto (LSE: RIO.L - news) down 0.6 pct and 0.5 pct respectively on Tuesday